Twilio (TWLO) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies reiterated their overweight rating on shares of Twilio (NYSE:TWLO) in a report issued on Wednesday, The Fly reports. Piper Jaffray Companies currently has a $95.00 price objective on the technology company’s stock.

Other equities analysts have also recently issued reports about the company. Mitsubishi UFJ Financial Group raised their price objective on Twilio to $87.00 and gave the company an overweight rating in a research note on Wednesday. Bank of America raised their price objective on Twilio from $63.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, August 7th. Robert W. Baird raised their price objective on Twilio from $50.00 to $82.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. Oppenheimer raised their price objective on Twilio from $60.00 to $80.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. Finally, Canaccord Genuity restated a buy rating and set a $80.00 price objective (up from $52.00) on shares of Twilio in a research note on Monday, August 6th. One research analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $81.22.

NYSE TWLO traded down $4.25 during mid-day trading on Wednesday, hitting $91.94. The company’s stock had a trading volume of 534,843 shares, compared to its average volume of 4,764,492. Twilio has a twelve month low of $23.25 and a twelve month high of $96.97. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 0.98. The company has a market cap of $6.92 billion, a P/E ratio of -117.88 and a beta of 1.00.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. Twilio had a negative return on equity of 19.56% and a negative net margin of 16.70%. The business had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $151.62 million. During the same period last year, the business earned ($0.08) EPS. The business’s revenue was up 68.0% on a year-over-year basis. Sell-side analysts predict that Twilio will post -0.77 EPS for the current year.

In related news, CEO Jeff Lawson sold 20,830 shares of the business’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $71.67, for a total value of $1,492,886.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Karyn Smith sold 3,521 shares of the business’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $71.67, for a total value of $252,350.07. The disclosure for this sale can be found here. Insiders have sold a total of 184,477 shares of company stock worth $14,711,857 over the last quarter. Company insiders own 19.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its stake in Twilio by 14.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,990 shares of the technology company’s stock valued at $689,000 after acquiring an additional 995 shares during the period. Xact Kapitalforvaltning AB raised its stake in Twilio by 9.8% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,188 shares of the technology company’s stock valued at $966,000 after acquiring an additional 1,000 shares during the period. Kopp Investment Advisors LLC raised its stake in Twilio by 1.8% in the 2nd quarter. Kopp Investment Advisors LLC now owns 69,125 shares of the technology company’s stock valued at $3,872,000 after acquiring an additional 1,240 shares during the period. Peloton Wealth Strategists raised its stake in Twilio by 4.7% in the 2nd quarter. Peloton Wealth Strategists now owns 28,690 shares of the technology company’s stock valued at $1,607,000 after acquiring an additional 1,290 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in Twilio by 14.9% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 10,773 shares of the technology company’s stock valued at $929,000 after acquiring an additional 1,396 shares during the period. Institutional investors and hedge funds own 57.29% of the company’s stock.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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